Inward Remittance

[megashox]

I was just informed by my bank in Bangkok that they have stopped issuing Tor Tor 3 forms for inward remittances in foreign currencies since April 2004. Henceforth, only a credit advice shall be issued for incoming remittance.

The Tor Tor 3 form is (was) considered by govt depts as official proof of incoming foreign exchange and I have used it in the past for renewal of various business licenses. I am not sure now whether the govt. depts would accept a bank credit advice as proof of incoming foreign exchange.

I was unable to get a comment from the bank whether there is any other alternative form that replaces the Tor Tor 3. I would hate to be surprised at the end of the year when I try to renew some licenses without the Tor Tor 3.

Could anyone knowledgeable throw some light on this matter? Thank you.

[dr_Pat_Pong]

I was just informed by my bank in Bangkok that they have stopped issuing Tor Tor 3 forms for inward remittances in foreign currencies since April 2004. Henceforth, only a credit advice shall be issued for incoming remittance.

The Tor Tor 3 form is (was) considered by govt depts as official proof of incoming foreign exchange and I have used it in the past for renewal of various business licenses. I am not sure now whether the govt. depts would accept a bank credit advice as proof of incoming foreign exchange.

I was unable to get a comment from the bank whether there is any other alternative form that replaces the Tor Tor 3. I would hate to be surprised at the end of the year when I try to renew some licenses without the Tor Tor 3.

Could anyone knowledgeable throw some light on this matter? Thank you.

It might be the time to change banks.

[Sunbelt Asia]

We have Tor Tor 3's almost everyday being requested (Escrow account for clients). Even as of two days ago and no problem.

www.sunbeltasia.com

[megashox]

Thanks Doc and Sunbelt for your input. I used TFB and when they couldn't issue the Tor Tor 3, I checked with Bangkok Bank. Their answer was the same.

Are Sunbelt able to process a Tor Tor 3 requests with local banks? If this is one of your services, I'd be glad to know more about it and happy to use it. Please give me a name and contact address that I can call to find out more.

Thanks a lot for your help.

[Sunny Valentine]

I've been told by Bangkok Bank recently that they don't issue TT3 in cases where the amount of Foreign Currency transfered is less than US$ 10.000,--

Don't know how much you transfer, but it might be an explanation.

Sunny

[Sunbelt Asia]

We do introduce clients to our bank as part of our service. PM me and one of our staff will be happy to help.

www.sunbeltasia.com

[email protected]

[megashox]

Thanks everyone for your comments.

I am usually wiring-in more than US$ 10,000 every 2 months. I shall get in touch with Sunbelt in the next 2-3 days and hopefully this shall be sorted out.